HDB Financial Services IPO: Biggest NBFC Issue of the Year Opens Today

The HDB Financial Services IPO, with a Rs 12,500 crore initial public offering, is now open for subscription from June 25 to June 27. The IPO includes a fresh issue of Rs 2,500 crore and an offer for sale of Rs 10,000 crore by HDFC Bank, the promoter of HDB Financial.

Here are 5 key factors to consider if you are interested in applying for the HDB Financial Services IPO:

1. Price Band: The IPO price band is set at Rs 700 – 740 per equity share.
2. GMP: The IPO is up nearly 10%, still at a discount compared to the unlisted share price before the announcement, which was around Rs 1,250 per share.
3. Combination of OFS, fresh issue: The IPO comprises a mix of fresh issue and offer for sale, with proceeds from the fresh issue intended for expansion.
4. Biggest NBFC issue: The Rs 12,500 crore IPO is one of the largest NBFC issues in recent times and the 5th biggest in the last 20 years.
5. Key risk: A primary risk is the company's use of the HDFC name under a licensing agreement, which could have future implications if changed.

Stay tuned to this blog for the latest updates on the HDB Financial Services IPO, business dynamics, and GMP trends, with fresh updates every 30 minutes.

According to the source: financialexpress.com.